cd "C:\Users\sertsios\Dropbox\LPSU replication package RFS\Replication\Log files\Main Tables"
clear
log using Table11.txt, text replace

***CEO/changes
clear
cd "C:\Users\sertsios\Dropbox\LPSU replication package RFS\Data"
use LPSU_MainSample_Sep2024, replace
set matsize 10000
cd "C:\Users\sertsios\Dropbox\LPSU replication package RFS\Tables"

***Set of fixed effects
egen sic1year=group(sic1 year)
qui tabulate sic1year, generate(dsic1year)
egen month_post= group(month post)
qui tabulate month_post, generate(dmonth)
qui tabulate year_around_ipo, generate(deventyear) 

eststo clear   

**Colummns 1-3
**CEO change
 set more off
eststo:qui xtreg ceo IPO deventyear2 deventyear3 deventyear4 deventyear5  dsic1year* dmonth*, fe cluster(id) 
outreg2 using Table_CEOs.xls, keep(IPO) sortvar(IPO  IPO_high_self IPO_small  IPO_Y) tex(frag) excel bdec(3) nocons label ///
 addtext(Firm FE, Yes, Event year FE, Yes, SIC x calendar year FE, Yes, IPO month x Post FE, Yes, Regression, OLS, Instruments,-) replace

set more off
eststo:qui xtivreg2 ceo (IPO=instrument) deventyear2 deventyear3 deventyear4 deventyear5  dsic1year* dmonth*, fe first cluster(id) partial(deventyear2 deventyear3 deventyear4 deventyear5 dsic1year* dmonth*)
outreg2 using Table_CEOs.xls, keep(IPO) sortvar(IPO  IPO_high_self   IPO_small IPO_Y) tex(frag) excel bdec(3) nocons nor2 label ///
 addtext(Firm FE, Yes, Event year FE, Yes, SIC x calendar year FE, Yes, IPO month x Post FE, Yes, Regression, Second stage,Instruments,Pre-IPO ret>0) 

  set more off
eststo:qui xtivreg2 ceo (IPO IPO_fin_dep_eu_hi   IPO_small_s IPO_Y IPO_high_self=instrument instrument_fin_dep_eu_hi instrument_small_s instrument_Y  instrument_high_self) ///
 deventyear2 deventyear3 deventyear4 deventyear5  dsic1year* dmonth*, fe first cluster(id) partial(deventyear2 deventyear3 deventyear4 deventyear5 dsic1year* dmonth*)
outreg2 using Table_CEOs.xls, keep(IPO IPO_fin_dep_eu_hi   IPO_small_s IPO_Y IPO_high_self ) sortvar(IPO IPO_fin_dep_eu_hi   IPO_small_s IPO_Y IPO_high_self) tex(frag) excel bdec(3) nocons nor2 label ///
 addtext(Firm FE, Yes, Event year FE, Yes, SIC x calendar year FE, Yes, IPO month x Post FE, Yes, Regression, Second stage,Instrument,Pre-IPO ret>0 & Interactions)  
 
esttab,   keep(IPO IPO_fin_dep_eu_hi IPO_small_s IPO_Y IPO_high_self) order(IPO IPO_fin_dep_eu_hi IPO_small_s IPO_Y IPO_high_self) ///
 label se b(%9.3f) se(%9.3f) nor2 star(* 0.1 ** 0.05 *** 0.01) addnotes(Firm FE, Yes, Event year FE, Yes, SIC x calendar year FE, Yes, IPO month x Post FE, Yes, Col 1: OLS; Col2 IV; Col 3, IV w interactions) 
 
eststo clear    
 
**Colummns 4-6
**CFO change 
 set more off
eststo:qui xtreg cfo IPO deventyear2 deventyear3 deventyear4 deventyear5  dsic1year* dmonth*, fe cluster(id) 
outreg2 using Table_CEOs.xls, keep(IPO) sortvar(IPO  IPO_high_self IPO_small  IPO_Y) tex(frag) excel bdec(3) nocons label ///
 addtext(Firm FE, Yes, Event year FE, Yes, SIC x calendar year FE, Yes, IPO month x Post FE, Yes, Regression, OLS, Instruments,-)  
 
set more off
eststo:qui xtivreg2 cfo (IPO=instrument) deventyear2 deventyear3 deventyear4 deventyear5  dsic1year* dmonth*, fe first cluster(id) partial(deventyear2 deventyear3 deventyear4 deventyear5 dsic1year* dmonth*)
outreg2 using Table_CEOs.xls, keep(IPO) sortvar(IPO  IPO_high_self   IPO_small IPO_Y) tex(frag) excel bdec(3) nocons nor2 label ///
 addtext(Firm FE, Yes, Event year FE, Yes, SIC x calendar year FE, Yes, IPO month x Post FE, Yes, Regression, Second stage,Instruments,Pre-IPO ret>0) 

  set more off
eststo:qui xtivreg2 cfo (IPO IPO_fin_dep_eu_hi   IPO_small_s IPO_Y IPO_high_self=instrument instrument_fin_dep_eu_hi instrument_small_s instrument_Y  instrument_high_self) ///
 deventyear2 deventyear3 deventyear4 deventyear5  dsic1year* dmonth*, fe first cluster(id) partial(deventyear2 deventyear3 deventyear4 deventyear5 dsic1year* dmonth*)
outreg2 using Table_CEOs.xls, keep(IPO IPO_fin_dep_eu_hi   IPO_small_s IPO_Y IPO_high_self ) sortvar(IPO IPO_fin_dep_eu_hi   IPO_small_s IPO_Y IPO_high_self) tex(frag) excel bdec(3) nocons nor2 label ///
 addtext(Firm FE, Yes, Event year FE, Yes, SIC x calendar year FE, Yes, IPO month x Post FE, Yes, Regression, Second stage,Instrument,Pre-IPO ret>0 & Interactions) 

 esttab,   keep(IPO IPO_fin_dep_eu_hi IPO_small_s IPO_Y IPO_high_self) order(IPO IPO_fin_dep_eu_hi IPO_small_s IPO_Y IPO_high_self) ///
 label se b(%9.3f) se(%9.3f) nor2 star(* 0.1 ** 0.05 *** 0.01) addnotes(Firm FE, Yes, Event year FE, Yes, SIC x calendar year FE, Yes, IPO month x Post FE, Yes, Col 1: OLS; Col2 IV; Col 3, IV w interactions) 
 
eststo clear   
 
cd "C:\Users\sertsios\Dropbox\LPSU replication package RFS\Replication\Log files\Main Tables"
log close      
